"The key to making money in stocks is not to get scared out of them." Peter Lynch

$SPX $SPY Corrections Are Shallow

Corrections on SPX have been getting more and more shallow.

(SPY: 134.361 -0.74%) touched 13ema today, and closed above it. Wonder if this is all the reaction we’ll get this time as well. Stochastics are still very overbought, and I’m still betting on a larger drop, holding March SPY puts.

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